Cuba's Communist Party has introduced a rare set of economic measures supporting free market principles to address severe financial instability. Presented to the National Assembly, the plan aims to expand the private sector and attract foreign investment, specifically from Cubans living abroad. Key proposals include permitting private activity in real estate, privatizing state-owned companies, and introducing private banks into a state-dominated financial sector. President Miguel Díaz-Canel stated that economic hardships cannot be blamed solely on foreign pressure, despite long-standing U.S. sanctions. He criticized the "dogmatism" of some officials and warned that while hardliners within the party may resist, these reforms are now unavoidable. Former leader Raúl Castro has expressed support for the plan. The shift marks a significant turning point for the nation after seven decades of communist rule.